Daily Market Wrap: September 6, 2012 Thursday, September 6, 4:03 PM ET
Some hopeful signs for the economy, including a better than expected jobless claims report, sent stocks higher today as did remarks by ECB President Mario Draghi.
The number of Americans filing for unemployment benefits dropped 12,000 last week, to a seasonally adjusted 365,000, according to the Labor Department.
Meanwhile, the four-week moving average for new claims ticked up to 371,000.
The Institute for Supply Management's non-manufacturing report showed that the pace of growth in the services sector rose to 53.7 in August. That reading was better than economists expected.
The ADP employment report indicates that 201,000 private sector jobs were added in August, while far exceeded the expectation of 145,000 new jobs.
Meanwhile, the number of planned layoffs hit a 20-month low in August, as employers announced 32,239 planned job cuts last month, according to Challenger Gray and Christmas.
Tomorrow, we'll take a look at the all important monthly government jobs report as well as earnings from Kroger (NYSE:
For Marketnewsvideo.com, I'm Sayoko Murase.
Tuesday Sector Laggards: Beverages & Wineries, Department Stores
Related symbols: SAM, STZ, SRSC, FRPT
Tuesday Sector Leaders: Precious Metals, Biotechnology Stocks
Related symbols: THM, KLDX, CPXX, GNCA
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Related symbols: VGZ, GSS, CIE, PES
Tuesday's ETF with Unusual Volume: JXI
Related symbols: JXI, AEE, NRG, NI
Tuesday's ETF Movers: GDXJ, ILF
Related symbols: SVM.CA, DPM.CA, BBD, GGB, ILF, GDXJ
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Daily Market Wrap: September 6, 2012
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